40-Acre Assemblage Purchased By Michigan Development Company

Sep 11, 2014 No Comments by

Colliers International South Florida is pleased to announce the sale of 40 acres of fully entitled land located at the southeast corner of Southern Boulevard and Jog Road in West Palm Beach.

Honey Bryan, Senior Vice President, represented Timothy and Patricia Blash, who partnered with the Cheney Family Trust, as the sellers in the transaction. Bryan was also involved in the original assemblage and entitlement process for four of the six parcels involved in this transaction on behalf of the Cheney Family Trust.

“This assemblage and sale of land points to a trend in Central to Northern Palm Beach County for the demand of new residential communities,” says Bryan. “Most of the large scale residential developers are back in business looking for land to build on, and availability of tracts of land for this size of development are few and far between – especially entitled land.”

The Planned Unit Development, known as the Cheney Ranch is made up of two tracts, one that will be developed into 172 multifamily units and the other will be developed as single family homes.

 

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Industry News, Multifamily, NA, Palm Beach County Multifamily
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